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Cape Coast Castle (Swedish: Carolusborg) is one of about forty "slave castles", or large commercial forts, built on the Gold Coast of West Africa (now Ghana) by European traders. It was originally a trading post, established in 1555, which they named Cabo Corso. However, in 1653 the Swedish Africa Company constructed a timber fort there. It originally was a centre for the trade in timber and gold. It was later used in the trans-Atlantic slave trade.
The large quantity of gold dust found in Ghana was what primarily attracted Europe, and many natives of Cape Coast used this to their advantage. In exchange for gold, mahogany, other locally produced goods, and enslaved captives, local Africans received clothing, blankets, spices, sugar, silk and many other items. The castle at Cape Coast was a market where these transactions took place.